1-bedroom flat · PO37 7BU
Listing removedListed 56 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A purpose built ground floor flat, being 1 of 10 in a block that is well located towards the outskirts of town, but offering easy access to the local shops, amenities and cliff path walk.
Within close proximity is a local convenience store. The accommodation is warmed by electric heating and benefits from wooden framed double glazed sealed units and a security entry system.
Outside there are communal Gardens and there is one allocated parking space. The property, which is offered with no onward chain, would seem ideal as an investment or for permanent living.
It comprises: Communal Entrance - Leading to flat front door Entrance Hall - Sitting Room - 5.69m into bay x 3.61m max (18'8 into bay x 11'10 - Archway to Kitchen - 3.61m x 1.80m (11'10 x 5'11) - Bedroom - 3.78m x 2.97m (12'5 x 9'9) - With insulated Fortic tank with immersion.
Bathroom - With electric shower over bath Outside - Communal gardens to the front and rear. Driveway leading to car park at the rear of the building with one allocated space plus visitor parking.
Services - Main electricity, water and drainage Tenure - Held on the balance of a 999yr lease from 25th march 1990 - the freehold is owner by the residents management company and each flat has a share in the freehold.
The current service charge is £572.80 per half year. Council Tax - Band A
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Orchard Court, Wilton Park Road, Shanklin
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